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World Liberty sells 4,870 ETH for $10.61M amid legal scrutiny and market pressure.

Market News
17 May 2026
Coinpaper
View Source
Bearish
World Liberty sells 4,870 ETH for $10.61M amid legal scrutiny and market pressure.

World Liberty Financial, linked to Donald Trump, sold 4,870 ETH for about $10.61 million in USDC, reflecting ongoing treasury management amid legal and market challenges. The sale occurred as Ethereum prices hovered near $2,185, pressured by ETF outflows and cautious market sentiment. The project faces legal scrutiny over governance, investor rights, and a $75 million loan collateralized by its tokens. Market watchers are also monitoring Ethereum's price support around $2,150 amid significant ETF outflows, signaling cautious institutional sentiment.

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